Thanavath Phonvichai, was quoted as saying, “The rate has shown cloudy signs since the third quarter, and the government’s stimulus packages are needed to build up confidence to increase more spending in the future.”. Ms Pimchanok said non-food and beverage prices fell by 1.7% from March last year, mainly from a sharp drop in transport and communication prices. Compared to other countries in the region,Thailand’s inflation rate from January to October 2018 remained very low. He said people should not worry about changes in food prices. Other countries such as China, Hong Kong and Indonesia typically saw inflation rates at between 2.4 per cent and 3.2 per cent. Inflation in Thailand, the United States and Asian countries1 1 Indonesia, Malaysia, the Philippines, Singapore and Taiwan. There are quite a lot of variables that have been assumed to be in place for the target to be realistically achieved. The Deputy Prime Minister, and Commerce Minister, Jurin Laksanavisit presided over the ceremony on the occasion of the 99th anniversary of the Ministry of commerce on August 19th, 2019.

Core CPI, which excludes raw food and energy prices, rose 0.54% year-on-year in March and dipped by 0.02% month-on-month from February. Headline inflation was 0.41% for the first quarter, while core inflation was 0.53% compared with the same period last year. Indeed oil prices fell from a 2 year high of US$73 to a 52 week low of US$51 in just a few weeks recently.

Thailand’s inflation rate target set for 2019, Thailand’s unemployment rate stands at below 1%, Southeast Asia Insurtech, Igloo, to provide foodpanda’s Riders in Thailand with Insurance, Walking to keep fit and to improve your health, SUEZ plant to recycle increasing amounts of plastic waste, Pattaya has the potential to become a hot spot after Covid, Bangkok – the most visited city in the world. The department yesterday officially downgraded its 2020 headline inflation forecast from 0.4-1.2% (0.8% average) to a range of -1.0% to -0.2% (-0.6% average). COPENHAGEN: Back in September, Danish Prime Minister Mette Frederiksen laughed off a reporter’s question about coronavirus infections in mink farms. Thank you for subscribing our enewsletter. The Trade Policy and Strategy Office director-general, Pimchanok Vonkorpon was quoted as saying, “Should the country’s 2018 inflation reach 1.2%, it will be the highest rate in four years since 2014, when the inflation was at 1.89%,” adding, “After that, the rate decreased 0.9% in 2015, rose slightly 0.19% in 2016, and increased 0.66% in 2017.”. Stability in the world oil market is harder to find than in the currency exchange market. Sources: Ministry of Commerce; IMF, World Economic Outlook. Magazines are published monthly and distributed all across the 2 cities. The Bangkok and Pattaya Business Supplements are the leading publications for business news in Thailand. The Philippines and India reported inflation at 5.13 per cent and 4.15 per cent respectively. Inflation rates are hotly debated by economists. Index: M/M: Y/Y: A/A: Country: Bangkok Metropolis: Central: Northern The prices of some food products, for example red pork, had gone down, said Yanyong. Ms Pimchanok said drought affecting agricultural supply seemed limited and less influential than the effects of falling demand from the pandemic. Food and non-alcoholic beverage prices rose by 1.6% year-on-year thanks to increases for most goods except fresh vegetables, which saw a 5.4% decline on accelerated production and lower demand. Too high a rate can mean a raise of interest rates is required. "The decreased inflation forecast stems primarily from weak demand because of the Covid-19 impact.

Bureau of Trade and Economic indices Ministry of Commerce Thailand 44/100 Nonthaburi 1 Rd., Bangkrasor, Maeng, Nonthaburi 11000 Tel : 0 2507 7000 Fax : 0 2507 5825 e-mail : indexmaster@moc.go.th Certainly the Thai baht has been quite a stable currency compared to other Asian currencies during the last year and there are no signs of any material changes that would affect the rate in 2019. The Deputy Prime Minister, and Commerce Minister, Jurin Laksanavisit attends seminar “Roadmap to success: Up close with Thailand's new ministers” in Bangkok Post Forum 2019 on August 5th, 2019. BMTA union opposes the use of public buses to block demonstrators, saying it gives the impression that the public agency is taking political sides. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, the planning unit of the Commerce Ministry, said a -1% inflation rate would be Thailand’s lowest ever. The inflation rate was -0.9% in 2009 due to the impact of the US subprime mortgage crisis and in 2015 owing to the oil price crisis. On a monthly basis, consumer prices fell 0.86% from February. This page provides the latest reported value for - Thailand Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. The prices of some food products, for example red pork, had gone down, said Yanyong. Other factors include the assumption that Thailand’s GDP growth will remain in the 3.5 per cent to 4.5 per cent range, and that exports will increase by around eight per cent year on year. There are quite a lot of variables that have been assumed to be in place for the target to be realistically achieved. Thailand’s Ministry of Commerce is capable of keeping the inflation rate within the set framework for the year, at 3.3 to 3.8 percent, Permanent Secretary for Commerce Yanyong Phuangrach said on Thursday. Business.

You will get the updates within 24 hours. The coronavirus outbreak and a continuous decline in energy prices were key contributors to lower prices, she said. Follow Retail in Asia on Facebook, Twitter and LinkedIn. Thailand's inflation rate may be as low as -1% this year as the escalating spread of Covid-19 has weakened overall domestic demand. 8 Apr 2020 at 06:40, newspaper section: Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, the planning unit of the Commerce Ministry, said a -1% inflation rate would be Thailand's lowest ever.